Eric Weissmann Acquires Miami Beach Multifamily For $2.6M From Seller Andrea Diotallevi - West Avenue Realty
1966 Biarritz Drive, Miami Beach, Florida 33141, United States
$2,617,500
$235/SF
Building Size
11,095 SF
Asset Type
MultiFamily
Closing
Feb 10, 2022
AI
The multifamily property located at 1966 Biarritz Drive in Miami Beach has been sold in a recent transaction. The property, consisting of 5 units, spans across a total area of 7,595 square feet. The sale price for this property was recorded at $2,617,500, resulting in a price per unit of $523,500. The price per square foot for this transaction was $345.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,617,500
- Units: 5
- Price per Unit: $523,500
- Square Footage: 7,595 sqft
- Price per Square Foot: $345
Eric Weissmann is the buyer in this transaction, while Andrea Diotallevi is the seller. The deal was facilitated by Jordan Millman from West Avenue Realty, serving as the broker in the transaction.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.06%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93